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Major bank names new group chairman
HSBC has announced the upcoming appointment of a new director and group chairman.
Mark Tucker, 59, will take over as director and group chairman designate from 1st September before joining as non-executive group chairman on 1st October.
Prior to his appointment, Mark had spent more than six years as group chief executive and president of AIA Group Limited, the world's largest independent, publicly listed pan-Asian life insurance group.
He also served as a non-executive director on the Court of the Bank of England from 2009 to 2012, where he was a member of both its Financial Stability and Audit and Risk Committees.
Before starting his new role, Mark will stand down as independent non-executive director of the Goldman Sachs group – a position he has held since 2012.
Rachel Lomax, HSBC senior independent director, who helped to lead the appointment process, said: "We are delighted that in Mark Tucker we have secured someone who possesses the rare combination of experience demanded by the HSBC board.
“He has a long track record of successful leadership of complex financial services businesses in both Asia and the UK.
“As CEO of two major financial services groups and through his non-executive roles at the Bank of England and Goldman Sachs, he also has extensive experience and understanding of the regulatory frameworks within which international financial services groups such as HSBC now operate.”
Mark will succeed incumbent group finance director and group chairman Douglas Flint, who is to depart after nearly 22 years in the roles.
One of Mark’s responsibilities will be to lead the process of identifying a successor to the current group CEO Stuart Gulliver by 2018.
"I am honoured and excited to be taking on the role of group chairman of one of the world's largest and most prestigious banking and financial services organisations,” added Mark.
“I have long had enormous admiration for HSBC with its unrivalled network, exceptional brand and leading position supporting global business and trade.
“I am very much looking forward to working with the board, the executive team and my colleagues around the world to continue the group's success through effectively serving its customers and the communities in which it operates."
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